They offer various loan terms and competitive interest rates.

Sometimes control can be more advantageous than ownership.With the terms locked in place my plan was to sublet the lease option.  

Yes it affects your short term cash flow, but averaged out over the long run (decades) gets you a more realistic view of what your actual cash flow looks like.And what would you expect to net after fees if you were to sell these properties?

After leases expire, landlords can draft new leases, re-negotiate terms, adjust rent, and implement policies.

For those in the highest tier (or know about it), can you give a general description/example of how the process goes in terms of if you have to fill out a lot of forms in order to invest in properties (and if so approximately how many) and what amount of time you spend a week on your investments?

Term 12 months or less.

And I used it with some good success.  

There are many different pockets and neighborhoods that investors are finding success in. 

I successfully invested in a couple of NPNs on my own using many of the people he recommended so it seemed that his method had potential to be successful.

I have an oceanfront STR in NC that I'm considering listing and doing a 1031 into at least one or two long term rentals with potential appreciation opportunities.